Replace Financial Cynicism with Careful Trust

*Originally posted on* Q: I had a really bad experience with a so-called financial professional several years ago. Since then I’ve kept my affairs pretty simple and done everything I could for myself. Because of that man I really don’t trust anyone anymore. The problem is that things are getting complicated enough where I do need some help. What’s the balance between being gullible and getting the help I need. A: The word you are searching for is trust, and it’s something a bad person caused you to discard as too dangerous to handle when it comes to money. When I was about five years old, I stuck a safety pin in an electrical socket and quickly discovered the conduct

Debt: What it is and is it Good or Bad?!

Debt. Such a scary word. Let’s start with what I believe is an accurate definition. Debt is when you owe a dollar and do not have a dollar. Leveraging, on the other hand, is when you owe a dollar but chose to use that dollar to do something better with it than pay off the debt. For example, you may choose to try to earn a higher rate of return in an investment than the interest cost you owe on the debt. For some, just the mention of the word “debt” creates anxiety and fear. In most people’s world, debt is bad. Well I have some good news for you. That isn’t always the case. When evaluating debt, think of it as a spectrum. On one end of the spectrum, you have bad debt where the loan inter


You’ve heard that tune on the piano. In fact, if you’re like most, you even learned how to play it as a kid. Maybe an older sibling or a friend taught you. It’s so easy, almost anyone can do it. Listen if you like. You played just a phrase or two and it seemed impressive at first because it included some basic rhythm and harmony. You played more than one note at a time and it didn’t take too long to make it to the end. You made it and you were proud of yourself. But let’s face it; that didn’t mean that little ditty was a musical masterpiece or that you were a concert pianist. When it comes to our personal finances, we have to be careful and be discerning about the tune we hear coming

How Life Insurance Gave My Family Options

In 2004 I entered the insurance industry and learned that buying life insurance was a very confusing decision. Do I buy term, whole life, variable life, universal life or any of the other many types of life insurance? What are the differences? Why does one cost so much more than another for the same amount of coverage? As I started to learn the differences, I remember telling my husband that we should purchase some whole life insurance. We were married for only a couple of years and renting our apartment. My husband was beginning his career and felt there was no real need for life insurance, so we bought a small amount on him in 2005. In 2006 I had a baby girl and we bought our first hom

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